How it Works
At My 2nd Suite, we guide you through the entire process
Get the right financing & insurance for you
In terms of financing for your property, you can borrow against your RRSP’s to finance construction of a 2nd suite – we will find and connect you with suitable financing options. With a 2nd suite, you can pay your home off sooner, and increase the equity in your home if you need to refinance.
We strive to make sure you have the proper protection for your rental suite. My 2nd Suite offers seamless insurance solutions at the best rates, and educates the tenant regarding renter’s insurance and their responsibilities for content and liability claims.
What is covered:
Dwelling coverage to pay for repairs and reconstruction
Personal property to cover losses to your property
Loss of rents coverage to reimburse you for lost rent during repairs if uninhabitable
Liability protection against costly claims
Increase your income or build for retirement
My 2nd suite, will help you create a additional living space in your home for renting. We specialize in creating LEGAL, safe, and affordable apartments that will attract reliable tenants, and increase the value of your property. Working with an expert can help you avoid the costly errors of beginners and DIY-ers, and get you on a better financial road. Our list of reliable professionals will ensure that your project runs smoothly and doesn’t become a renovation nightmare.
Did you know: 90% of property management involves getting the right tenant?
My 2nd Suite efficiently handles tenant issues and insurance concerns. Our professional property managers will screen, qualify, and place the tenant. We handle lease terms and conditions, that protect you as well as conduct move-in inspections that meet fire codes. No more searching or meeting strangers. Do you have a tenant already? No problem! We can protect your relationship with your renter by handling contracts and payments.
You have our ongoing support
My 2nd Suite offers ongoing support so that you do not have to deal directly with the tenant. We facilitate monthly rent collection, conduct annual unit and fire alarm inspections, as well as move-out inspections and report submissions. We will make sure the unit is well maintained and advise if any repairs or maintenance is required. Above all, we handle tenant issues professionally and efficiently to ensure you have the best tenant experience possible.